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Cable Update (GBPUSD)

  • #437,361
  • Aug 20, 2016 9:24am Aug 20, 2016 9:24am
Quoting PowerTrade
{quote} I'll be waiting for your posts, your story! But why your account is so new? =/
my account is not new i changed my broker from first FXCM
then went to oanda,
and now with new broker i will add more funds will make it 100K in a month or 2
anyways i have saved my statements i dont have to prove anything because i am not looking for investors brother,
but yes since you asked i can provide full 3 years live trading history if anyone like to see..
  • #437,362
  • Edited 12:34pm Aug 20, 2016 10:46am | Edited 12:34pm
Quoting Bones
id see how it opens {quote} {image} {image} {image}
Hello, Bones

Thanks for your charts,

Yeah, the open will show much.

1/ Can you tell me how price behaved before closing, the last minute? I have no such info since my broker switches off their servers for 2 hours before market closes officially.

2/ I do not like weekly chart. it might "provoke" a downmove. However, if we are looking at the daily chart, we can see the last day has been closed at the 62% level of the previous candle, what means rather uncertainty.

3/ From my charts I can say the price has been closed at the 3-day VWMA (blue MA), having broken it out first and retraced back to the level of closing. All the three days have already been worked out, what can give us potential to go lower. But the price has come to the indecision state in the end.

Well, if we are about to go higher, this has to happen right the second two days, when the price begins expanding its range (weekly initial balance) up. The price should break the weekly high out in these 2 - 3 days (as a maximum). If this case does not work, the price will break the 3-day VWMA out, retracing back down. It can happen almost for sure.

Best
D.P.
Attached Image (click to enlarge)
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Hunting High and Low
  • #437,363
  • Aug 20, 2016 11:11am Aug 20, 2016 11:11am
Quoting Rescue.Forex
{quote} my account is not new i changed my broker from first FXCM then went to oanda, and now with new broker i will add more funds will make it 100K in a month or 2 anyways i have saved my statements i dont have to prove anything because i am not looking for investors brother, but yes since you asked i can provide full 3 years live trading history if anyone like to see..
Hey, u dont have to prove anything. Its your account, your lifestyle, then just be happy with whatever u have. People tend to provoke others. At the end of the day, u walk out with whatever u made. Not them. 😊
  • #437,364
  • Edited 2:27pm Aug 20, 2016 2:22pm | Edited 2:27pm
Quoting Rescue.Forex
{quote} my account is not new i changed my broker from first FXCM then went to oanda, and now with new broker i will add more funds will make it 100K in a month or 2 anyways i have saved my statements i dont have to prove anything because i am not looking for investors brother, but yes since you asked i can provide full 3 years live trading history if anyone like to see..
You don't have to prove me anything, I didn't ask for it, I was talking about your forexfactory account.

In fact, I was really happy for your achievement, maybe you're used to run into people that want to harm you in some way, but I'm not one of them.

Forget about the question I made.
A good strategy for trading is... the opposite of having a bad strategy.
  • #437,365
  • Aug 20, 2016 3:08pm Aug 20, 2016 3:08pm
Well, 1.28 was major support level, price just jumped from it. But election year has to push dollar higher.

By the way, anybody knows how to trade currencies but through someyhing else, in my country trading with forex is taxed enourmosly, bus stocks, derivatives its ok for tax agency, so what are options? In stocks i dont understand how they moves... And why...
  • #437,366
  • Aug 20, 2016 5:04pm Aug 20, 2016 5:04pm
To me, daily and weekly looks like it will climb for the multi retest around or above the 23.6 while monthly still looks bearish overall.
Similar with GA
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Come with me if you want to live....
  • #437,367
  • Edited Aug 21, 2016 10:01am Aug 20, 2016 5:17pm | Edited Aug 21, 2016 10:01am
Quoting PowerTrade
{quote} You don't have to prove me anything, I didn't ask for it, I was talking about your forexfactory account. In fact, I was really happy for your achievement, maybe you're used to run into people that want to harm you in some way, but I'm not one of them. Forget about the question I made.
Well done PowerTrade. Very nice and politely. Good to see at least there is still good guy here. =)
  • #437,368
  • Aug 21, 2016 1:28pm Aug 21, 2016 1:28pm
Quoting nafham
{quote} Hey, u dont have to prove anything. Its your account, your lifestyle, then just be happy with whatever u have. People tend to provoke others. At the end of the day, u walk out with whatever u made. Not them. 😊
thank you Nafham appreciated
Good Luck to you too
Have a Nice Day.
  • #437,369
  • Aug 21, 2016 1:33pm Aug 21, 2016 1:33pm
Quoting PowerTrade
{quote} You don't have to prove me anything, I didn't ask for it, I was talking about your forexfactory account. In fact, I was really happy for your achievement, maybe you're used to run into people that want to harm you in some way, but I'm not one of them. Forget about the question I made.
Thank you,
but anyways i am not sure posting statements will be against the rules of Forexfactory or not,
anyways thank you and Respect for you brother,
to be honest i was thinking the same thing i was thinking why i have to prove myself, i am here to share my ideas and see what others are doing,
and my mentor is actually forexfactory i learned a lot from it in 2006-2008,
forexfactoy is my Fx school College and University. believe it or not there are many many good traders here who helped me a lot in my trading strategy and i still pray for them GOD BLESS THEN ALL.
  • #437,370
  • Aug 21, 2016 1:36pm Aug 21, 2016 1:36pm
Quoting nafham
{quote} Well done PowerTrade. Very nice and politely. Good to see at least there is still good guy here. =)
yes Nafham you are right i really really appreciate Powertrade post,
for PowerTrade respect from heart.
Thank you alll guys
that is one of the reason i love forex factory.
  • #437,371
  • Aug 21, 2016 1:44pm Aug 21, 2016 1:44pm
Quoting Bones
id see how it opens {quote} {image} {image} {image}
I am thinking long.. but eyeballing 130.680 for better R:R
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #437,372
  • Aug 21, 2016 1:49pm Aug 21, 2016 1:49pm
Quoting Bones
not necessarily trustworthy {image}

I see a wave 5 coming up to 3240
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #437,373
  • Aug 21, 2016 2:28pm Aug 21, 2016 2:28pm
G/U gap down at the open to 1.3030-40 area.

Then resume on its way to 1.2983.

If it breaks, we can see further down to 1.2940 and 1.2870

If bounces, up towards 1.3180 for a retest.

We will see.
Just 20 pips a day to riches
  • #437,374
  • Aug 21, 2016 2:29pm Aug 21, 2016 2:29pm
Quoting baherhosni
{quote} I see a wave 5 coming up to 3240
From what I have on my graph, seem like she been dancing at the bottom of the ichimoku cloud which is known as a support in chart H1. Based on my experience, the longer she dance on the line, the weaker cloud become. Plus with Stoch almost making a divergence, n other indicators as well, so I probably will looking for the opportunity to sell only unless the short term bull sign started developed.
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  • #437,375
  • Aug 21, 2016 2:37pm Aug 21, 2016 2:37pm
Quoting Don96
still taking a beating... lets see {image}
watching the lower number...

1.29972 and 85
  • #437,376
  • Aug 21, 2016 2:58pm Aug 21, 2016 2:58pm
Quoting nafham
{quote} From what I have on my graph, seem like she been dancing at the bottom of the ichimoku cloud which is known as a support in chart H1. Based on my experience, the longer she dance on the line, the weaker cloud become. Plus with Stoch almost making a divergence, n other indicators as well, so I probably will looking for the opportunity to sell only unless the short term bull sign started developed. {image}

OK I take it back! up to 3160 then!!

The thing is there is so much support between 3040 and 3000. Only a close below 3000 would make me want to go short..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #437,377
  • Aug 21, 2016 3:02pm Aug 21, 2016 3:02pm
Quoting FastPipn
G/U gap down at the open to 1.3030-40 area. Then resume on its way to 1.2983. If it breaks, we can see further down to 1.2940 and 1.2870 If bounces, up towards 1.3180 for a retest. We will see.

Yup.. I can see the gap!!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #437,378
  • Aug 21, 2016 3:02pm Aug 21, 2016 3:02pm
the market will be opened with a gap down to the area of 3040, i.e. about 40 pips down.
if the price overcomes 3090 in Asia, there will be a good signal for buying.
my pending order at 3045 seems to be activated.

Best
D.P.

P.S. The 3025 level has to be supported, if the upper direction is on the table.
Hunting High and Low
  • #437,380
  • Aug 21, 2016 7:10pm Aug 21, 2016 7:10pm
i need to change my broker i had a little trouble with Pepperstone at the time of news 1 minute before and till 1 min after their MT4 freezed and i have demo that was working fine, i really thought it was good broker,
and thank GODi just put 10K not whole amount.
Any suggestions
i love Dukascopy but it takes 2 weeks to setup the account you have to send the Docs through Mail to switzerland which it self takes DHL said 3 days and i need to notarize the documents its complicated
any suggestions.
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